Hahn Capital Management LLC Trims Stake in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Hahn Capital Management LLC trimmed its stake in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 23.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,429 shares of the bank's stock after selling 35,389 shares during the period. Bank of N.T. Butterfield & Son accounts for approximately 1.4% of Hahn Capital Management LLC's holdings, making the stock its 27th largest position. Hahn Capital Management LLC owned about 0.22% of Bank of N.T. Butterfield & Son worth $3,599,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Captrust Financial Advisors boosted its holdings in Bank of N.T. Butterfield & Son by 34.6% in the 2nd quarter. Captrust Financial Advisors now owns 1,178 shares of the bank's stock worth $37,000 after buying an additional 303 shares during the period. Quarry LP boosted its holdings in Bank of N.T. Butterfield & Son by 143.5% in the 1st quarter. Quarry LP now owns 1,456 shares of the bank's stock worth $39,000 after buying an additional 858 shares during the period. Point72 Middle East FZE bought a new position in Bank of N.T. Butterfield & Son in the 4th quarter worth $52,000. State of Wyoming bought a new position in Bank of N.T. Butterfield & Son in the 2nd quarter worth $58,000. Finally, Point72 Hong Kong Ltd bought a new position in Bank of N.T. Butterfield & Son in the 2nd quarter worth $61,000. 62.73% of the stock is currently owned by hedge funds and other institutional investors.

Bank of N.T. Butterfield & Son Trading Down 0.2 %

Bank of N.T. Butterfield & Son stock traded down $0.07 during midday trading on Tuesday, reaching $31.71. The stock had a trading volume of 134,610 shares, compared to its average volume of 220,311. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.10. The Bank of N.T. Butterfield & Son Limited has a 52-week low of $22.93 and a 52-week high of $33.80. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 6.95 and a beta of 1.29. The company has a fifty day moving average of $30.36 and a 200 day moving average of $29.31.

Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last issued its earnings results on Tuesday, February 13th. The bank reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.11 by $0.04. The business had revenue of $146.90 million for the quarter, compared to analyst estimates of $141.34 million. Bank of N.T. Butterfield & Son had a net margin of 29.60% and a return on equity of 24.29%. During the same period last year, the company posted $1.27 earnings per share. On average, analysts anticipate that The Bank of N.T. Butterfield & Son Limited will post 4.12 earnings per share for the current fiscal year.

Bank of N.T. Butterfield & Son Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, February 26th were paid a dividend of $0.44 per share. The ex-dividend date was Friday, February 23rd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 5.55%. Bank of N.T. Butterfield & Son's dividend payout ratio is presently 38.60%.

Analyst Upgrades and Downgrades

NTB has been the subject of several research reports. The Goldman Sachs Group increased their price objective on shares of Bank of N.T. Butterfield & Son from $31.00 to $35.00 and gave the company a "buy" rating in a report on Thursday, January 11th. Keefe, Bruyette & Woods dropped their price objective on shares of Bank of N.T. Butterfield & Son from $41.00 to $40.00 and set an "outperform" rating for the company in a report on Wednesday, February 14th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $33.50.

Bank of N.T. Butterfield & Son Company Profile

The Bank of N.T. Butterfield & Son Limited provides a range of community, commercial, and private banking services to individuals and small to medium-sized businesses. It accepts retail and corporate checking, savings, term, and interest bearing and non-interest bearing deposits. The company's lending portfolio includes residential mortgage lending, automobile lending, consumer financing, credit cards, overdraft facilities, commercial real estate lending, and commercial and industrial loans, as well as overdraft facilities to commercial and corporate customers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.